India weathered global crisis extraordinarily well: WB

World Bank on Friday said India has done "extraordinarily well" in tackling the global economic crisis with sound fiscal and monetary policies.

Post Recession Blues

After a slew of news on the much awaited “end of recession”, policy makers are now thinking about the next level of challenge.

Post Recession Blues

After a slew of news on the much awaited “end of recession”, policy makers are now thinking about the next level of challenge.

One year of economic crisis

It was exactly on this day – September 07 - an year ago that the first sign of global economic crisis began to surface.

Containing inflation a challenge: RBI

With food price inflation in double digits, the Reserve Bank is faced with the daunting task of keeping inflation in check, the bank Deputy Governor K C Chakrabarty on Monday said.

Monsoon impact top priority, growth ensured: Mukherjee

Economy seems to have weathered meltdown and deficient monsoon is a top priority for now, FM said.

German economy boosted by ZEW survey

A survey suggesting soaring investor confidence provided more cheer for the German economy on Tuesday, less than a week after data showed its worst recession in decades ending sooner than expected.

Global economic crisis hits Indian overseas investments

On an overseas acquisition spree over the past few years, Indian companies have suddenly become wary of making investments in foreign companies as a
result of the current global economic crisis, a report said on Monday.

Five more bank closures bring number of bank failures to 77

US regulators have shut down five more regional banks, bringing the total number of US bank failures to 77 this year, the US government announced.

Spain`s economy shrinks, bucking eurozone trend

Spain`s recession-hit economy shrank further in the second quarter, official data showed Friday, as a recovery underway elsewhere in the eurozone failed to reach its fourth-largest member.

Real estate lawyers hard hit by economic crisis

The heady days of the real estate boom are over for most lawyers who made quite a packet dealing with clients on the lookout for purchasing land, with most of them having to deal with petty cases now.

Total cost of world financial crisis at $11.9 tn: IMF

The world has spent a staggering 11.9
trillion dollars to wriggle out of the financial crisis, the
sum which is enough to finance a 1,779 pound handout for every
person living on the planet, a newspaper said quoting the

US deficit climbs to $1.3 trillion

The US budget deficit reached USD 1.3 trillion for the current fiscal year in July, official data showed, news set to fuel opposition to US President Barack Obama`s ambitious health care and climate change proposals.

China watchdog eyes new derivative trade rules

China`s banking regulator is considering tighter rules on domestic banks` derivative operations after some companies and lenders suffered heavy losses last year, local media said Tuesday.

Global trade revival key to recovery: WTO chief

A swift conclusion to a new world trade pact could serve as a powerful stimulus for recovery from the global financial crisis, WTO chief Pascal Lamy said in an interview Tuesday.

UBS remains cautious after Q2 loss, big outflows

UBS said it remained cautious about its prospects after client withdrawals spurred by protracted US tax litigation dragged the Swiss bank into another big quarterly loss on Tuesday.

BofA planning to cut 10% of branches: Report

Bank of America Corp is planning to reduce its 6,100-branch network by about 10 percent, the Wall Street Journal cited the bank`s chief executive Kenneth Lewis as telling investors.

Virgin`s Branson sees hopeful economic signs

British entrepreneur Richard Branson, founder of the Virgin Group of companies, said on Monday he sees positive signs for the global economy, but it is unclear whether the turnaround has traction.

Emerging East Asian economies to see recovery in 2010: ADB

Emerging East Asian
economies, including Singapore and Thailand, are expected to
see economic recovery in 2010, says the Asian Development

Unemployment could undercut US recovery: Bernanke

Federal Reserve Chairman Ben Bernanke on Tuesday said the outlook for the long-suffering US economy was improving, but supportive policies would be needed for some time to prevent rising unemployment from undercutting recovery.